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  • Gulf and Western Industries - Wikipedia
    At the time of its acquisition by Gulf and Western in 1966, Paramount was struggling with heavy losses from feature film productions and had stopped producing television programs However, it had valuable hidden assets, such as extensive real estate holdings and a library of old movies that could be sold to television networks for large profits
  • Did Charles Bluhdorn Sell Paramount Pictures Before . . . - The Cinemaholic
    However, as per news reports, Paramount was struggling financially around the time when ‘The Godfather’ was made, and Bluhdorn did sell some assets to save paramount from heavy losses Bluhdorn continued to own Paramount Pictures through Gulf and Western Industries until he died in 1983
  • How Paramounts First Big Sale Spurred a New Hollywood Era In 1966
    Paramount was taken over by Gulf + Western in late 1966 in what The New York Times called its “biggest coup yet ” After moving from earnings of $400,000 in 1959 to $20 million in 1966,
  • Charles Bluhdorn - Wikipedia
    He built his fortune in auto parts and commodities such as zinc, and following a 1966 acquisition became CEO, chairman and president of the Hollywood movie studio Paramount Pictures Paramount was a former subsidiary of Gulf and Western Industries, which Bluhdorn purchased in 1956 when it was called the Michigan Plating and Stamping Company
  • Paramount Pictures - History
    By the early 1960s Paramount's future was shakey and on October 19, 1966 Paramount was acquired by Gulf Western Industries Charles Bluhdorn from Gulf Western took control and placed Robert Evans as head of production
  • Paramount Pictures | History, Credits, Facts | Britannica Money
    In 1966 Gulf + Western Industries took control of the corporation Paramount Pictures became a key element in the restructuring of Gulf + Western from a diverse conglomerate into one focusing on media and communications—a transformation reflected when Gulf + Western changed its name to Paramount Communications Inc in 1989
  • Paramount History: Founding, Timeline, and Milestones - Zippia
    Gulf + Western bought Paramount in 1966 and restored the studio’s success with acclaimed star-driven hits and high concept pictures So in 1966, Zukor sold Paramount to industrial conglomerate Gulf+Western Industries Corporation
  • In 1966, Gulf + Western acquired Paramount Pictures. Unlike other. . .
    The acquisition of Paramount by Gulf + Western, which showed that a firm without any prior ties to the entertainment industry could effectively acquire and run a major film studio, was a critical turning point in the history of Hollywood studios


















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